NetLogic Microsystems Acquires Optichron for $220,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1df1565f-3fa0-4525-a7cd-c9f373918543&Preview=1 -
Date
3/21/2011 -
Company Name
Optichron -
Mailing Address
4221 Technology Drive Fremont, CA 94538 -
Company Description
Optichron is a fabless semiconductor company that leverages its proprietary Turbolinear signal processing technology to develop high-performance precision integrated circuits that target data conversion for communications and other signal processing applications. -
Website
http://www.optichron.com -
Transaction Type
M&A -
Transaction Amount
$220,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
In connection with the acquisition, NetLogic Microsystems will pay the Optichron stockholders initial cash consideration of approximately $77 million upon the closing of the transaction. NetLogic Microsystems will assume approximately $22 million of restricted stock units for employees of Optichron who join NetLogic Microsystems following the close of the acquisition. In addition, NetLogic Microsystems will pay the Optichron stockholders an earn-out upon the attainment of performance milestones through 2012 for the acquired business. If the maximum earn-out is achieved, an additional cash consideration of approximately $108.5 million would be payable by March 31, 2013, and, an additional consideration of $12.5 million would be paid in shares of NetLogic Microsystems common stock (valued approximately at closing date value), issued only to several Optichron employees, subject to their continued employment after the acquisition.
